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Jan 27, 2013
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the government owns the monetary system. if you have problems in the monetary system which is what this financial crisis is about, by definition they are government policy problems. if interstate highway bridges are falling down you would say the government owns the highway the bridges are falling down that is the government's fault that is exactly true with monetary bridges falling down. the government owns a monetary system. that's the the federal reserve does. the federal reserve was created in theory to reduce volatility. in practice what they do is reduce volatility in the short term and increase problems in the long term. in the free market they are constantly correct. new businesses are being created and old businesses are failing. the process is actually as important as the creation process. its resources, its human capital, its physical capital cannot be redirected to more productive use when you stop the downside correction process all you do is create bigger problems in the future. it would be analogous to what di
the government owns the monetary system. if you have problems in the monetary system which is what this financial crisis is about, by definition they are government policy problems. if interstate highway bridges are falling down you would say the government owns the highway the bridges are falling down that is the government's fault that is exactly true with monetary bridges falling down. the government owns a monetary system. that's the the federal reserve does. the federal reserve was created...
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Jan 28, 2013
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government -- with u.s. government with iranian officials here she's nice to hear professor lecture at american university in washington. the writing has appeared in "the new york times," "politico," foreign policy and washington monthly among others. they came to us last night from virginia, took a late night train and what i'd like to do is turn it over to you for your thoughts and comments to start off. >> thank you very much. i'm going to start for us today. let me thank you much for hosting us to thank you for coming. it's an honor pleasure and we look forward to nature scene discussion today. i'm going to start with two provocative themes from our new book, "going to tehran: why the united states must come to terms with the islamic republic of iran". the first of these means, and these two get at the heart of our book. the united states is today enhanced and for the past two years a power and relative decline in the middle east. the second core team as the biggest beneficiary of american ongoing declin
government -- with u.s. government with iranian officials here she's nice to hear professor lecture at american university in washington. the writing has appeared in "the new york times," "politico," foreign policy and washington monthly among others. they came to us last night from virginia, took a late night train and what i'd like to do is turn it over to you for your thoughts and comments to start off. >> thank you very much. i'm going to start for us today. let me...
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Jan 27, 2013
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government, with the u.s. government with the iranian officials. she's now a senior professor, lecturer at american university in washington. their writing has appeared in "the new york times," politico, foreign policy and washington monthly, among others. they came to us last night from virginia. they took the late night train and stayed here. and what i'd like to do is just turn it over to you for your thoughts and comments to start off. >> well, thank you very much. i'm going to start off for us today. let me start by thanking you for hosting us. it's a real honor and pleasure, and we look forward to an interesting discussion today. i'm going to start with two provocative themes from our new book, "going to tehran: why the united states must come to terms with the islam you can republic of iran." the first of these themes, and these two really get at the heart of our book. the first of these themes is that the united states is today and has been for the past few years a power in relative decline in the middle east. and the second core theme is t
government, with the u.s. government with the iranian officials. she's now a senior professor, lecturer at american university in washington. their writing has appeared in "the new york times," politico, foreign policy and washington monthly, among others. they came to us last night from virginia. they took the late night train and stayed here. and what i'd like to do is just turn it over to you for your thoughts and comments to start off. >> well, thank you very much. i'm going...
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Jan 28, 2013
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and a government that basically drove up the deficit, and regional governments because regions are very important in spain, also drove up this problem with big deficits. and they weren't attended to. and so, in each one of these you have somewhat of a different reason. the case of italy, a debt to gdp of over 120%, and growing, and the lack of action and trying to do anything about it by the former government. he came in as a technician. technicians are great. whether it be greece or italy will be seen this. there'll be elections in italy and we will see how we does. but you need popular mandates to get changes really through. i'm encouraged with the ireland. they're making good progress getting back to the market but there's still a lot of problems. the latest victim is cyprus. the banks held a lot of greek paper. they ran up the deficit there, and so they are the latest bailout case that we are going to see. that each country is different, and that leads to what is the same, and that's contagion. europeans did not want to see that there was contagion at the time of greece. and no matt
and a government that basically drove up the deficit, and regional governments because regions are very important in spain, also drove up this problem with big deficits. and they weren't attended to. and so, in each one of these you have somewhat of a different reason. the case of italy, a debt to gdp of over 120%, and growing, and the lack of action and trying to do anything about it by the former government. he came in as a technician. technicians are great. whether it be greece or italy will...
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Jan 27, 2013
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so popular that some members of the government think he's too -- the chinese government think he's too popular. and he's a good friend of terry's and also of mine. so i would hope to see more of that going forward. >> at the time of the formation of the euro, the three-tier euro was considered but not adopted. an unfortunate result of this has been that the mediterranean countries so largely dependent on tourism have become, well, they're really not competitive. is it time to reconsider the three-tier euro in that an important effect would be a very substantial devaluation of the mediterranean countries, and that should result in job growth, economic growth simply from near-in increased tourism? >> well, i think it's fair to say historically when i talk about latin america and also about the asian financial crisis -- career -- korea is an example, indonesia also -- is that one of the great aids they had was the ability to e do value and to push -- to devalue
so popular that some members of the government think he's too -- the chinese government think he's too popular. and he's a good friend of terry's and also of mine. so i would hope to see more of that going forward. >> at the time of the formation of the euro, the three-tier euro was considered but not adopted. an unfortunate result of this has been that the mediterranean countries so largely dependent on tourism have become, well, they're really not competitive. is it time to reconsider...
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Jan 26, 2013
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those are command-and-control cities strong governments and athletic facilities and if that disease emerged in a province of the democratic republic of the congo, it has a lot of disadvantages and the disadvantages would have been probably very consequential or something like sars had come out at that time. .. part of what makes us, the human population and our extension a force of riot damage very dry tinder waiting for a spark. i mentioned the case in malaysia, the fact that pigs were kept in these huge outdoor compounds and they were arranged in a particular way with fruit trees was part of what resulted in that spillover. the other thing is huge aggregations of wildlife also represent populations in which a bug can evolve. more abundantly a virus replicates the more it is likely to mutate and it is an rna virus it is a double helix dna virus, mutation rate will be particularly high and generate a lot of change, as it replicates itself and that is great for darwinian natural selection so arenaviruses evolve more quickly than other pathogens and if you let them build up huge populations s
those are command-and-control cities strong governments and athletic facilities and if that disease emerged in a province of the democratic republic of the congo, it has a lot of disadvantages and the disadvantages would have been probably very consequential or something like sars had come out at that time. .. part of what makes us, the human population and our extension a force of riot damage very dry tinder waiting for a spark. i mentioned the case in malaysia, the fact that pigs were kept in...
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Jan 21, 2013
01/13
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. >> host: government bullies, second book by senator rand paul, how everyday americans are being harassed, abused and imprisoned by the feds. .. is a memoir and a history book. in the book you talk about your personal journey and you are very candid about your life, and you also cover new insights as a historian to the life and legacy of dr. martin luther king, jr.. what prompted you to write the book this way? >> guest: well, i wanted to write something for the anniversary and this is 50 years of my life and king's legacy and my life coincides with my coming of age, so part of it was to do those two tasks. i felt that my life had been connected to the king legacy, and i felt there was something about my life that needed to be told to understand how king impacted me and how i got involved in this amazing journey of editing team newspapers. >> host: its an excellent reading and you and buy your of the same generation, and why too was coming of age in the 60's. the book i might say was bittersweet to me because i knew dr. king, i knew him the last two years of his life and i am bitter becau
. >> host: government bullies, second book by senator rand paul, how everyday americans are being harassed, abused and imprisoned by the feds. .. is a memoir and a history book. in the book you talk about your personal journey and you are very candid about your life, and you also cover new insights as a historian to the life and legacy of dr. martin luther king, jr.. what prompted you to write the book this way? >> guest: well, i wanted to write something for the anniversary and...
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Jan 21, 2013
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king as a protester against government. talk about that for a minute. >> guest: i've engaged in doing documentaries on the movement of martin luther king and i've looked at eis on the prize. this she suggested i have to create my documents by interviewing these people you've spent your life bringing together the sources we don't take this material and true to form it into a play. i thought it was a great idea. i didn't know how much work i was going to get and how difficult it would be. the play was produced at stanford and i worked very closely with a person in the drama department and they put it on their program and we did it. since then i've been tinkering with it and it's been kind of like a hobby. in taking it to china and taking it to palestine how did you write a play, go through all you have to do in the different governments and what was the reception in those prospective areas? >> guest: in china one of my students was there to be the devotee accident. i visited when she was in china and she was there for a long
king as a protester against government. talk about that for a minute. >> guest: i've engaged in doing documentaries on the movement of martin luther king and i've looked at eis on the prize. this she suggested i have to create my documents by interviewing these people you've spent your life bringing together the sources we don't take this material and true to form it into a play. i thought it was a great idea. i didn't know how much work i was going to get and how difficult it would be....
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Jan 27, 2013
01/13
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other governments are bring their issues to our president. we are not bringing our issues. martin took his issue to -- >> guest: who is stopping them? it's one thing to say, president obama is not responding. >> host: but what are we doing? >> guest: what are we doing to put the issue so that he has to respond? and to me, if you're not using that leverage, everyone knows that the black vote, latino vote, that it was decisive in the last election, women. each of these groups who played a role in electing him, that's why, in my view, when i came there for the inauguration, i said, and the day before the inauguration i did a speech to the morehouse alums who came, and i said the important date is not tomorrow. we celebrate that is the important date is the day after tomorrow. what are we going to do them? and for a lot of people -- >> host: celebrate it. >> guest: for the next four years. >> host: it is a milestone i never thought in my lifetime i was a black president. we talked a great deal about -- very little about you but i think we're getting to know you here in your com
other governments are bring their issues to our president. we are not bringing our issues. martin took his issue to -- >> guest: who is stopping them? it's one thing to say, president obama is not responding. >> host: but what are we doing? >> guest: what are we doing to put the issue so that he has to respond? and to me, if you're not using that leverage, everyone knows that the black vote, latino vote, that it was decisive in the last election, women. each of these groups...